Boutique Hotel
| Amount: | $6,900,000 |
|---|---|
| Property Type: | Hotel |
| Loan Type: | No reserves |
| Loan Term: | 10 year term |
|
Caffrey & Company LLC has placed a $6.9 million loan on a Boutique (non-major flag) hotel. This transaction was priced at 7% fixed, with a 75% loan to value and a 20-year amortization. There is no collection of replacement reserves, taxes or insurance on this loan. |
Current Rates (09/03/2010)
- Apartments 4.55%
- Mobile Home Park 4.75%
- Anchored Retail 5.65%
- Non-Anchored Center 5.85%
- Single Tenant Retail 5.80%
- Office 5.85%
- Industrial / Flex 5.92%
- Self-Storage 6.15%
- Medical Office 5.15%
- Hotel 6.65%
- Owner Occupied 4.65%
- Land 8.65%
- Other 6.40%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.